TC Energy (TRP) Stock Forecast & Price Target

TC Energy
Bull Case

Here are some ways that investors could benefit from investing in TC Energy Co.:

• TC Energy Co. is currently trading at $90.16, which is below the consensus price target of C$96.29, suggesting potential upside for investors as the stock has recently crossed above its 200-day moving average, a technical indicator often used to confirm long-term trend reversals.
• The company offers a dividend yield of 3.89%, providing a steady income stream for investors, which is particularly attractive given the company's role as a leader in North American energy infrastructure that moves more than 30 percent of the natural gas used across the continent.
• TC Energy Co. has a beta of 0.74, indicating that its stock price tends to be less volatile than the overall market, which can help reduce portfolio risk for investors seeking stability in their energy sector holdings.
• Recent analyst actions, including upgrades from TD Securities and Goldman Sachs, have contributed to a consensus rating of Moderate Buy, reflecting growing confidence in the company's ability to deliver affordable, reliable, and sustainable energy across North America.
• Scotiabank raised its FY2027 EPS forecast to C$4.00, supporting the view that TC Energy Co.'s regulated pipeline infrastructure can generate steady earnings growth, which is a positive signal for long-term investors.